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Detroit Tops WalletHub's Debt Delinquency List

Published 1 week, 2 days ago
Description

WalletHubs study reveals stark debt delinquency disparities across the top 100 U.S. cities. Detroit leads with 15.7% of loans overdue and 20.2% of total debt past due. Newark, NJ, and Greensboro, NC, follow, highlighting financial strain. These rates impact credit scores, limiting housing, car, and credit options. WalletHubs methodology considers both individual account and total loan delinquency. As economic hurdles persist, experts advise prompt action within the 30-day grace period to prevent long-term credit damage.

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